You’re missing the whole point. Think about it another way: You listed things that go down in value or get used up. They listed things that appreciate in value and build wealth.
You’re comparing (barely) being able to afford the cheap iPhones and gas to an education and homeownership.
Those things still cost money and you still need them.
If food prices didn’t go up as fast as housing, and you say “housing builds wealth and food gets used up” which is true, but you need to eat to live. Food not going up so fast is a good thing.
Housing building wealth is a bad thing. Houses should go down in value, we should be building so many that old houses should be worth less than me ones, like they do in Japan
You’re missing the whole point. Think about it another way: You listed things that go down in value or get used up. They listed things that appreciate in value and build wealth.
You’re comparing (barely) being able to afford the cheap iPhones and gas to an education and homeownership.
Those things still cost money and you still need them.
If food prices didn’t go up as fast as housing, and you say “housing builds wealth and food gets used up” which is true, but you need to eat to live. Food not going up so fast is a good thing.
Housing building wealth is a bad thing. Houses should go down in value, we should be building so many that old houses should be worth less than me ones, like they do in Japan